Member Info for yiannakism45

It makes sense Tony.
Hopefully we will get an RNS regarding flow results next Tuesday or Thursday.
GLA

I hope that flow results at JSR -01 new drill will be announced on Tuesday or Thursday . 22 to 24 days of testing should indicate if the well is commercially successful.
If it flows at over 200 bopd I think the next drill will also be in the Patardzeuli field in the vincinity of JSR -01 commencing before the end of October and this will see the share price at around 3p.
Of course better numbers will be most welcome.
GLA

Most probably we will get 3rd Quarter Review and well flow test rerults tomorrow.
Fingers crossed for a substantial rise in the SP.
GLA

My take of sellers at this stage at 1.70 is that they need cash at the end of the month and probably have bought in the last ten months at 1.00 to 1.40. So they also make a handsome profit .After the end of the month I think sellers will disappear.
GLA

I expect a 3rd quarter operations update on Thursday Oct 6 or Monday Oct 10 when we will know first test results.
Definitely not a duster and hope for the best . GLA

Bring on Guram !!!

Dum spiro spero
I hope we will get 4p in the next couple of quarters.
GLA

My view on the departure(sacking) of the CFO is that:
1.He did not manage to get the Finance package we have been promised in the past few months.
2.Revenues from current sales are decreasing due to lower prices and possibly lower production hence the neccecity to lower expenses.
The package they offered him is very attractive provided BLOE will succeed in its current drilling campain and i am sure he will be well off if the share price gets anywhere near two 5p by September next year.

Hopefully this will be the last dip at this giveaway SP level.
GLA

Astec 123 SEE RNS NO 6152U DATED 2 AUG 2022.MOST PLOBABLY WE WILL HAVE A FEW MORE

Chesh,
I refer to RNS No.4367R dated 6th July2022 vis-a-vis
RNS No.7368L dated 4th May 2020.
I am invested to make some profit in the next few months . Not in the next few years.
I started buying BLOE in April 2019 and my last buy was on 12/July 2022.I am here to make some profit in a reasonable time frame, not to make PH a multimillionaire.
GLA

Going through the information provided through RNS,s I have come to a conclusion that they will maintain a low SP as long as they can to take advantage of the nil options granted each month in lieu of cash.
PH managed with this scheme and especially the bonus options granted for his good performance!! (RNS of 8th April 22) to accumulate on the cheap 45 458 994 options. In May 2020 he had 12 564 315. So do not expect a good RNS before mid-October.
GLA

Does anybody know where exactly JSR-01 is located?
Is it near existing infrastructure to connect to if gas is found?
Unfortunately a lot of data that should be communicated to shareholders are veiled in secrecy.
Personally I am heavily invested in Block and might be interested in buying additional shares to bring down my average if only PH were straight. So I will stay on the sidelines for the next 6 months hoping for a good outcome of the next drills.
I must say that we are lucky because energy prices are that high and Block is making a profit just enough to fund the next couple of drills.Otherwise the share would have been well below 1p.
The assets are definetly worth alot more than the market evaluates.

Imotakeapunt,
Ambiguity and vaguness was not invented by PH but he seems to be a master of this game. Send him an e-mail requesting clarification. I never got an answer to a couple of e-mails I sent.

At least another two dips in the trouph for PH and company before possible news.(Early August and early September).
Easy money at the expense of LTHolders.

PH is testing our patience and our intelligence.
It is now definite that NDF was a CHATAUX EN ESPAGNE dream and we can only hope that current proceeds from oil and gas sales will cover the cost of the first attempt of enhancing production.No explanation why Well JSR-01DEEP will precede WR-01 sidetrack.It seems the cost is less but cash will be available in September or ....by the end of the year.

It is more than obvious now that PH has not been successful in securing financing for Project 1
Hence we are stuck with spudding of WR-B01 sidetrack according to his own words in the 11th July RNS.
<>. Actually if he was honest he would have ommited <>
So now with or without PH we definetely need luck with the upcoming sidetrack.Probably some time in August.
GLA

It seems that PH and the BOD are set for another dip in the trouph, hence the delay in issuing an update on operations .
Personally I have given up hope on getting an RNS before Tuesday the 28th or Thursday the 30th of June.If the sidetrack is successfull they will make easy profits out of this practice.
10 days wait for those who are patient.
GLA

Another possibility for the delay could be due to problems with the Drilling Rig. With the current shipping delaysit could be possible they are awating to receive spare parts.
Anyhow provided they are currently producing and selling at these elevated prices for oil and gas we can only hope there are no other surprises.
GLA

Hawkspear,
You must take into account the dilution over the last three years when forcasting the expected SP.In April 2019 we had circa 272m shares.
Now we have 657m .
Also you must take into account the options granted to Schlumberger which will become shares when exercised.
Provided good progress is achieved in the next 6-7 months without surprises, I expect the SP to quadrable from these levels.
GLA